Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Publicly Funded Stadiums Create Low-Paid Jobs, New Taxes
Wall Street Journal, July 18th, 2008 2:30PM
Subscribe to Section 2 Around the Net

MOST READ

MOST COMMENTED

As D.C. United and other MLS teams seek public money to help finance new stadium ventures, Mark Yost looks at the real figures behind a sports venue financed largely by the taxpayer's cash. While there's no denying that the neighborhood around the Washington Nationals' new baseball stadium in southeast D.C. has undergone a renaissance in recent years, he asks, "How much credit should go to the ballpark?"

"It's a question that has been debated countless times before, over other stadiums, but the historical evidence is pretty clear," Rost writes. "Sports economists have long argued that publicly financed stadiums are a waste of taxpayer money. And they have the data to prove it." While stadium construction creates high-paying jobs for a year or two, "the vast majority of long-term employment is low-wage concession jobs." The Nationals' website currently advertises jobs for elevator operators, fan ambassadors and security guards, with pay at $7.50-$8.50 an hour.

District Councilman Kwame Brown once called the stadium "the most controversial project in the history of the city" because D.C. had more pressing needs with its schools a mess, crime out of control, and unemployment in distressed neighborhoods double the national average. Nowadays, Brown shows off the neighborhood and its $600,000 condos, giving some of the credit to the new stadium. But with the city's income from the stadium coming from the same people who financed it in the first place -- the taxpayers, who pay $14 million a year from taxes on tickets, concessions and merchandise, with another $24 million coming from a new stadium tax on D.C. businesses -- "the vast majority of the 'development' in Southeast," Rost concludes, "is nothing more than taxpayer-funded public works projects."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

    ARCHIVES
    FOLLOW SOCCERAMERICA

    Recent Section 2 Around the Net
    Youth soccer fights back against 49ers    
    Northern California youth soccer advocates, including Santa Clara Youth Soccer League President Tino Silva, have launched ...
    Cal South TOPSoccer Program Turns 25    
    "We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
    How Neymar Played in Childhood    
    Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
    Roma Partnering with U.S. Youth Clubs    
    Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
    LVG: Falcao "Has to Prove Himself"    
    Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
    Report: Adidas to Assist Messi Move?    
    According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
    Toure Admits Man City Future in Doubt    
    Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
    Ronaldo Blasts 'Defensive' Atleti Tactics    
    Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
    Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
    According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
    Serie A to Introduce Goal-Line Technology    
    Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
    >> Section 2 Around the Net Archives